Fri, March 29

Crypto Exchange Binance Burns 2.65 Billion Terra Classic (LUNC)

Binance has completed the eleventh batch of the LUNC burn mechanism, burning 2.65 billion Terra Classic (LUNC) coins. So far, the crypto exchange has burnt over 35.5 billion LUNC, while the community as a whole has burned over 68 billion LUNC. The recent burn by Binance instantly elicits a 3%

July 1, 2023 1 min read

Binance Reportedly Denied Crypto Custody License by Germany’s BaFin

According to reports, Binance has been notified that BaFin, the German financial regulatory organization responsible for monitoring banks, financial services institutions, insurance companies, and stock exchanges, would not be issuing a crypto custody license to the exchange. On Thursday, the local media outlet Finance Forward published the news, citing persons

June 30, 2023 1 min read

Binance Pioneering the Crypto Industry by Grabbing Investor Trust

Binance, a prominent cryptocurrency exchange, has evolved from a simple app and web page for buying and selling crypto into a comprehensive ecosystem of tools and information. With a focus on user needs, Binance has expanded its offerings, including educational content, an NFT marketplace, various wallets, and payment options.  Binance

June 29, 2023 1 min read

Mind Network Secures $2.5 Million in Seed Funding From Binance Labs and Other Prominent VCs

Mind Network, a cutting-edge platform leading the way in data security and privacy within the Web3 ecosystem, is delighted to announce the successful completion of its seed round fundraising, raising $2.5 million. The funding round included participation from Binance Labs, Comma3 Ventures, SevenX Ventures, HashKey Capital, Big Brain Holdings, Arweave

June 29, 2023 3 mins read

Sui Foundation Stands Firm, Denies Selling Staking Rewards on Binance

In a statement on Tuesday, the Sui Foundation, the organization spearheading the development of the Sui crypto network, clarified that it had not carried out any sales of staking rewards on the Binance cryptocurrency exchange.  The purpose of this communication is to share information regarding the tokenomics of the Sui

June 28, 2023 1 min read

SEC Lawsuits Against Ripple, Binance, & Coinbase: Explained

SEC Vs Crypto Industry It is a one more turbulent year for the cryptocurrency industry after the U.S Securities and Exchange Commission (SEC) sued crypto titans such as Binance and Coinbase. The SEC lawsuit related to securities violations, including the unregistered offers and sales of the respective tokens.  These legal

June 27, 2023 9 mins read

Binance Australia Head Discloses Shocking Insights On Debanking Crisis

The Binance community is still shaken by the events that occurred on May 18. On that day, Binance Australia announced the suspension of its dollar services after its payments provider, Zepto. It received instructions from Cuscal to stop supporting Binance. This left the community with numerous questions, but they have

June 27, 2023 2 mins read

Crypto Exchange Binance Withdraws License Registration in Austria

In light of mounting difficulties stemming from hurdles from financial authorities worldwide. The biggest cryptocurrency exchange in the world, Binance, has withdrawn its license registration in Austria. Binance Austria GmbH, a wholly owned subsidiary of Binance, is no longer seeking a license from the Austrian Financial Market Authority (FMA), according

June 26, 2023 2 mins read

Binance Witnesses Significant Drop in Market Share, Reaching One-Year Low

According to data from research firm Kaiko, Binance’s market share has approached a one-year low due to increased regulatory scrutiny on the cryptocurrency industry. On June 5, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Binance and its founder, Changpeng “CZ” Zhao, impacting the largest cryptocurrency exchange.

June 26, 2023 2 mins read

SOL & MATIC Signals Recovery Post SEC Crackdown, Whats Next?

Binance and Coinbase, the leading cryptocurrency exchanges, are facing increased regulatory pressure as the US Securities and Exchange Commission (SEC) cracks down on them. Just recently, the SEC filed a lawsuit against these global cryptocurrency giants. SEC’s filings against Binance and Coinbase shake emerging ecosystem tokens SOL and MATIC. Market

June 26, 2023 1 min read